Exchange Invest Weekend 2910: Arctic Geopolitics
Arctic geopolitics, African BTC mining, Gen Z energy jobs, Murdoch succession drama & Inventing portraiture.
Exchange Invest is a unique information resource combining the day’s stories in a newsletter for investors in exchanges/financial markets infrastructure.
Exchange Invest was founded by former exchange CEO and author of the first bestselling book of fintech (“Capital Market Revolution!” FT 1999) Patrick L Young. Monday through Friday our daily paid subscriber email discusses the business of bourses of all kinds across the world.
On this day in 1959, The Barbie Doll: Barbie doll made its debut at the American Toy Fair in New York, Toys From the 1950s, the doll was designed by Ruth Handler and introduced by Mattel Toy Company costing $3.
IN BIGWORLD
From Exchange Invest 2908: Thursday, March 07th:
There’s a fascinating controversy brewing between Somalia and Ehtiopia. The latter landlocked nation signed a deal January 1st to leave 20 kms of coastland in Somaliland. Somaliland has enjoyed effective autonomy since 1991 after a lot of bish bosh but Somalia continues to claim sovereignty over the territory.
Ethiopia wants to create a naval base has offered to potentially recognise somaliland as an independent nation further incening the Somali government who are threatening to ‘defend’ their territory if Ethiopia (in their eyes) de facto invades.
Developing…
IPO-VID LIVESTREAM
NEXT WEEK TUESDAY: IPO-VID Livestream 136
Season 23: Episode 04
Guest: Olivia Cooper
Tuesday, March 12th 1700 UK, 1800 CET, 1200 EST
“The Mystery of International Business — Structuring for Global Assets”
A polyglot private wealth exec, economist turned lawyer Olivia Cooper specializes in advising HNWIs on all manner of investment related issues ranging through entrepreneurial, multi-generational successful businesses or landed estates across a multitude of sectors involving a panoply of wealth management issues.
Operating globally from a London base, Olivia is a passionate supporter of British brands, country pursuits, friend of the Royal Ballet and the Royal Opera House while her interest in classic cars and motorsport means PLY is in danger of diverting the conversation to four wheels…
Watch the stream on:
NOW ONLINE!: IPO-VID Livestream 135
Season 23: Episode 03
Guest: Rainer Zitelmann
Tuesday, March 05th 1700 UK, 1800 CET, 1200 EST
“Unbreakable Spirit — With Rainer Zitelmann”
Rainer Zitelmann is a German historian, sociologist and multiple bestselling author, whose 26 books include “In Defence of Capitalism.” His books have been translated into 30 languages around the world along with his copious quantity of Op-Eds and he has twice been our guest on IPO-VID:
IPO-Vid 104: In Defence of Capitalism
IPO-Vid 116: Rainer Zitelmann — The Wealth Elite
An Ipsos Mori poll in 2021 revealed that 51% of Americans could not name a single successful person with a disability.
In this week’s IPO-VID, Rainer discusses his latest book “Unbreakable Spirit” discussing a wealth of incredible talent, all of which flourished with or, frankly, in spite of, disability. Learn more about this incredible tale from the horn player without arms through the likes of Hellen Keller and Frida Kahlo to a total of 20 remarkable figures of achievement through history.
Watch the stream on:
IPO-VID LIVESTREAM PODCAST
In the IPO-VID podcast episode #132, Patrick L Young was joined by EACH CCP Secretary General, Rafael Plata.
Listen in as they delve into the intriguing topic of “Clearing Europe,” featuring insights from a seasoned Brussels and capital markets veteran.
Now available from multiple different podcast sources:
EI Website
Spotify
Google Podcasts
Apple Podcast
EI WEEKLY PODCAST
Is T Bond Clearing Competition Looming?
Amidst Multiple Worries & Thoughts From EU
FT Criticizes Its Core Readers
Nasdaq Outlines Its Priorities As
HKEX Profits Soar!
The Exchange Invest Weekly Podcast 235
VICTORY OR DEATH
20 years on from the first fintech bestseller “Capital Market Revolution!”… “Victory Or Death” is a must read book for anyone interested in the intersection of Blockchain, Cryptocurrency and FinTech as part of the whole future of finance.
- Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
FINANCE BOOK OF THE WEEK
In response to reader’s queries, we have added a book of the week column to the EI weekend edition — interesting books pertaining to exchanges and markets, investment et al.
— Anybody can sign up for EI Weekend for free at ExchangeInvest.com.
This week’s book was written by Burton G. Malkiel.
A best-selling, authoritative, and gimmick-free guide to investing, A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing evaluates the full range of investment opportunities, from stocks, bonds, and money markets to real estate investment trusts and insurance, home ownership, and tangible assets such as gold and collectibles.
Get the book here.
*Paid link, as an Amazon Associate, Exchange Invest earns from qualifying purchases.
Suggestions welcome if you would like to nominate a book for us to cover!
Our next Book of the week will be unveiled Saturday in the EI Weekend Edition.
& don’t forget if you want all the news on the bourse business sent daily to your Inbox subscribe to Exchange Invest — via Exchange Invest.com — it’s only $375 per annum to join “The Exchange of Information.”
BITCARNAGE
Just when you think Binance might have staunched the bad news stories, the government of Nigeria has decided the secretive exchange still reeling from its criminal convictions of last year is culpable for a run on the Nigerian Naira.
In a retro move which reminds us of the criminality which dogged Binance previously, Nigeria Detains Binance Executives In Cryptocurrency Crackdown (FT) / Report: FG Arrests Two Binance Officials Amid Crypto Clampdown (The Cable NG) / Nigeria Detains Binance Executives In Cryptocurrency Crackdown, FT Says (Reuters).
Way back when there were people in the world (“people” being a generous turn of phrase) who believed Binance was not a criminal organisation. A few of us constantly demurred and were proven correct.
Anyway, things are heating up again in the Binance universe, just as BTC itself heats up in a remarkable bull market bubble:
First up, the Nigerian government is simply furious, accusing Binance of fuelling the recent collapse in the Naira. To that end, they arrested a couple of execs just last week (EI 2903). Fines of $10 billion US dollars have been mooted while 2 executives in Nigeria were arrested.
While Binance have removed the Naira from their crypto P2P trading platform, it appears that CEO Richard Teng is reluctant to appear before a Parliamentary committee in Abuja despite being summoned by the Chairman of the House of Representatives Committee on Financial Crimes, Ginger Onwusibe.
Nigeria reckons Binance has dealt with 10,000,000 Nigerian clients and handled some $26 billion in Naira transactions, provoking the recent currency collapse. Claims of money laundering and worse are being made from the Nigerian Parliament. Reports say Binance is not licensed in Nigeria.
Binance: Nigeria Orders Cryptocurrency Firm To Pay $10bn
BBC
Binance Drops Naira From P2P Platform Amid Government Scrutiny
CoinTelegraph
Binance’s Nigerian Operations Under Threat As Gov’t Summons CEO Richard Teng
CoinGeek
While that $10 billion fine may yet prove a chimaera of sorts, in the USA, Binance’s worries are far from over. The latest is a suit where October 7 Attack Survivors Sue Binance (NY Post). We have previously mentioned how lax money laundering standards could sink crypto markets and Binance is once again in the eye of one such storm.
Elsewhere Binance plays a leading role in a new academic paper Crypto Flows Finance Slavery? The Economics Of Pig Butchering — again not a good look.
If you enjoyed this excerpt you may be interested to know that you can read Bitcarnage every day in Exchange Invest.
Alternatively, if you want to follow Bitcarnage — the daily update on happenings in the world of crypto and digital assets, then you can find Bitcarnage as a standalone on Substack.
MACRO THOUGHTS
The Battle For The Arctic
Spiked
OF INTEREST
As always, a review of interesting reading to provoke thoughts and consideration… Not sure we agree with much of it….but it’s thought-provoking!
David Starkey On The Inventor Of The Portrait
The Spectator
The African Village Mining Bitcoin
UnHerd
“When you move around Bondo you see happy people — and that’s because of electricity.”
Inside Rupert Murdoch’s Succession Drama
Vanity Fair
The US Shale Magnate Trying To Sell Oil And Gas Jobs To Generation Z
FT
Murder Most Foul: How ‘Wild Wolf’ Haunted Hong Kong Banker’s Family
South China Morning Post
LAST WORD
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The future continues in the water cooler of the bourse business…
